Honeywell sells barcode scanner business to Brady for $1.4 billion in major corporate restructuring

On Monday, Honeywell announced its decision to divest its Productivity Solutions and Services (PSS) division to Brady Corporation for $1.4 billion in cash. Located in Fort Mill, South Carolina, the PSS segment generates approximately $1.1 billion in yearly revenue and has a workforce of around 3,000 employees worldwide. The transaction, which signifies roughly 8x EBITDA for the twelve months concluding on December 31, 2025, is anticipated to finalize in the latter half of 2026, subject to regulatory approvals. Brady expects to achieve double-digit growth in its adjusted diluted earnings per share in the first year and at least $25 million in annual cost savings within three years. Honeywell's Chairman and CEO, Vimal Kapur, stated that this sale is part of an ongoing portfolio transformation.